Price was in as strong downtrend, however a matured bullish divergence alongside a double bottom reversal pattern hints that bulls are taking charge of the price action. First higher high is printed successfully, and if the bullish momentum continues then we can expect a bullish reversal as per Dow theory. Targets are mentioned on the chart.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.